9.3/10 rating
$200 Minimum Deposit
500:1 Max Leverage
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  • Available Crypto:Bitcoin
  • Razor account has the lowest average ECN spreadss
  • Excellent execution speed
  • Wide variety of currency pairs & world market indices to trade
  • World’s most popular online forex platforms: MetaTrader 4 (MT4) & cTrader


Type of Broker ECN
Free Demo Account
Trading Platform cTrader, MT4
Number of Assets 2000+
Asset Classes Commodities, Currencies, Indices, Stocks, CryptoCurrencies
Welcome Bonus
Minimum Deposit $200
Minimum Trade Size $1
US Clients
Pepperstone is a leading ECN broker (Pepperstone Group Limited). They offer unmatched top tier liquidity from the interbank market, with institutional grade spreads. In addition, Forex traders have the ability to earn points with Qantas while they trade!

Why choose Pepperstone?

Pepperstone is a leading Forex ECN broker focusing heavily on a fast execution experience and low cost trading. They have clearly achieved this as our review and ECN Forex broker comparison tables show.
This is combined with ultra-low latency, high quality execution via EDGE technology, flexible leverage up to 500:1, reliable trading platform infrastructure and award-winning customer support makes for a great trading experience.

One of the top non dealing desk forex brokers:

Pepperstone spreads are extremely tight, especially the razor spreads which is the lowest raw ECN spread Forex account out of the FX brokers we’ve reviewed. Razor account ECN spreads start from 0.0 pips with excellent average spreads (a better indicator of your expected FX trading costs) of 0.2 pips for EURUSD currency pair. Pepperstone’s standard online forex trading account offer forex traders tight, straight through processing (STP) spreads and liquidity from 22 banks and forex market ECN’s, which can also help to reduce slippage. This is great for traders who are ready to move from demo to live trading account.
Our Pepperstone review confirmed they have lowered FX trading costs with an ECN broker model of obtaining superior top tier liquidity. Foreign Exchange quotes are sourced from as many as 22 Major Banks and Electronic Crossing Networks (ECNs). Cutting edge technology combined with superior liquidity, compared to many ECN brokers, translates into extremely tight ECN spread FX pricing on all Pepperstone forex trading accounts!

Deposit and Withdraw:

Pepperstone keep all client funds in Segregated Client Trust Accounts with the banks. Pepperstone cannot use client funds for any business purpose, they are kept on trust for clients and segregated from the business. However, client money can be used to maintain margin that is needed to cover positions opened by clients.

Access to two of the world’s leading platforms for trading FX, MetaTrader 4 (MT4) and cTrader. There are 11 available variations of these products including WebTrader, mobile devices including Forex online platform app for iPhone, iPad & Android, plus MetaTrader 5 and cTrader cAlgo. Users focused on EAs (expert advisor) may prefer MT4 due to its wider availability, more online resources and larger online community. Other traders however may be drawn to cTrader due to the greater ability to make modifications to the interface, and more advanced order options.

MAM (Multi Account Manager) and PAMM account (Percent Allocation Management Module) available.

Pepperstone offers Qantas FF Points when clients trade the Forex markets (T&Cs apply). They are currently the only Forex Broker in the world offering this.

New, eligible clients will earn 10 Qantas Points per $1 on their first deposit, up to a maximum of 10,000 points, and then earn an additional 10 points per lot on FX trades.

The Pepperstone withdrawal process is confirmed to be fast and easy! Client withdrawals are easily done by completing an online withdrawal form located in the secure client area. Withdrawal forms received before 21:00 GMT ( 07:00 AEST ) will be processed that day. However, any forms received after this time may not be processed until the following day.

Free Meta Trader 4 Smart Trader Tools, for all accounts opened with $200 minimum or more, confirm Pepperstone’s reputation as one of the top Metatrader brokers. MT4 is still considered the best forex trading platform based on worldwide popularity. Smart Trader Tools enhance the MetaTrader platform even further! The package consists of 10 apps to help you gain an edge, as well as insights into the FX markets. These include advanced trade execution & management; decision assistance via correlation and sentiment trader apps; sophisticated alarms; up-to-date market data and much more.

Huge variety of account funding options :
  • Credit card / debit card (Instant Funding 24/7)
  • POLi (Instant Bank Transfers 24/7)
  • Verified by Visa
  • MasterCard SecureCode
  • PayPal
  • Wire Transfer via Bank (Domestic & International)
  • China Union Pay (24/7)
  • BPay
  • Skrill Moneybookers (24/7)
  • Neteller (24/7)
  • Qiwi (Instant Qiwi Deposits 24/7)
  • Fasapay (Instant Deposits 24/7)

Pepperstone do not charge any internal fees for deposits or withdrawals. However, please note payments to and/or from international banking institutions may attract transfer fees from either party, which are independent of Pepperstone broker.

In addition, Pepperstone Group Limited, simply referred to as Pepperstone, has been recognised 20 times for excellence in FX brokerage, customer support and innovative technology. In recent years these awards include:

  • Winner: #1 Overall Client Satisfaction – Investment Trends 2016 Australia Foreign Exchange Report
  • Winner: #1 Customer Service – Investment Trends 2016 Australia Foreign Exchange Report
  • Winner: #1 Value for Money – Investment Trends 2016 Australia Foreign Exchange Report
  • Winner: #1 Overall Client Satisfaction – Investment Trends 2015 Australia FX Report
  • Winner: #1 Customer Support – Investment Trends 2015 Australia FX Report


Remember that CFDs are a leveraged product and can result in the loss of your entire capital.

Remember that CFDs are a leveraged product and can result in the loss of your entire capital.